Sunday, July 20, 2008

On hold...

Sorry for not posting anything lately. Got a raise last week along with a couple of projects that would get my hands full in coming weeks, as the result, I won't be able to post as much for a while, but will certainly do my best.

As for the market, while I have already seen lots of commentaries claiming that the bottom is in, I am far from being convinced. While the market will have a upside bias for the next few days, the volatility could through anyone off the wagon. ERs may significantly shape up the path for the major indicies this week, particularly tomorrow's BAC and AAPL's ERs. If both of them coming in worse than expected, I would expect NASDAQ lead the market to re-test the lows.

One more thing: AAPL, AMZN, ISRG, BIDU, and NFLX may offer pretty good ER straddle plays this week.

1 comment:

Doug said...

Agree! From now on it's all about earnings and the price of oil. We are done with two day massive short short squeezes which made some kamakazie traders a ton and annihilated the amateur short sellers.